Mission Possible: Cuyahoga Land Bank Battles Blight to Improve Neighborhoods

One Community Update
September 1, 2024

Source: wkyc.com

Broken, vacant and forgotten: that’s how neighbors near this block of Northfield Ave in East Cleveland feel about these abandoned homes. A drain on area property values and a safety problem. A story too often repeated in Cuyahoga County.

“That’s what vacant properties cause; they make people feel like nobody cares about their community,” said Adam Stalder, the director of community stabilization for the Cuyahoga Land Bank.

That’s where the Cuyahoga Land Bank steps in, acquiring vacant properties and bringing them back to productive reuse to improve the quality of life for residents. It’s their mission today, as it was 15 years ago when this work began.

“They understood that vacancy and abandonment and blight was an issue that our community was going to be dealing with for the long term. And we needed a vehicle to be able to help assess that problem and remediate that problem,” said Cuyahoga Land Bank Interim President, Ricardo León.

The Land Bank just completed their 10,000th demolition and has redeveloped 3,000 properties. Now, a recent $23 million state grant will allow them to improve even more neighborhoods.

“We will be knocking down over 1,100 properties of a mix of single-family to three-family residential, all the way up to commercial industrial blight,” León said.

Including abandoned homes on Northfield Ave, and the largest project on the list, the former Huron Place Apartments on Terrace Road, a 13-story building that’s been empty and rundown for over ten years.

“It’s just a big building that overlooks the entire community,” said Stalder. “And it acts as a billboard for blight in East Cleveland.”

Another $45 million state grant allows the Land Bank to decontaminate and clear seven commercial industrial sites in Cleveland, Middleburg Heights and cities to attract jobs.

“The reality is that now business can start coming back into the county,” said León. “We can start making the county more attractive for long term economic development and start reversing some of that trend of seeing our jobs, leaving the county.”

The millions in funding come at a bittersweet time. Founder, President and visionary Gus Frangos passed away unexpectedly in August. But his mission carries on.

“In my neighborhood, I live next to an abandoned house, and I know how that feels,” said Stalder. “So, I’m happy to do this work.”

“Anytime we see some of these buildings come down, particularly big ones, it’s just a win for the neighbors. We see parties, we see folks celebrating on social media,” said León. “That’s a win for the residents of our county, and that’s a win for our mission.”

 

 

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CEO

Alan Jaffa

Alan Jaffa is the Chief Executive Officer for Safeguard Properties, steering the company as the mortgage field services industry leader. He also serves on the board of advisors for SCG Partners, a middle-market private equity fund focused on diversifying and expanding Safeguard Properties’ business model into complimentary markets.

Alan joined Safeguard in 1995, learning the business from the ground up. He was promoted to Chief Operating Officer in 2002, and was named CEO in May 2010. His hands-on experience has given him unique insights as a leader to innovate, improve and strengthen Safeguard’s processes to assure that the company adheres to the highest standards of quality and customer service.

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In 2008, Alan was recognized by Crain’s Cleveland Business in its annual “40-Under-40” profile of young leaders. He also was named a NEO Ernst & Young Entrepreneur Of The Year® Award finalist in 2013.

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Michael Greenbaum

Michael Greenbaum is the Chief Operating Officer of Safeguard Properties, where he has played a pivotal role since joining the company in July 2010. Initially brought on as Vice President of REO, Mike’s exceptional leadership and strategic vision quickly propelled him to Vice President of Operations in 2013, and ultimately to COO in 2015. Over his 14-year tenure at Safeguard, Mike has been instrumental in driving change and fostering innovation within the Property Preservation sector, consistently delivering excellence and becoming a trusted partner to clients and investors.

A distinguished graduate of the United States Military Academy at West Point, Mike earned a degree in Quantitative Economics. Following his graduation, he served in the U.S. Army’s Ordnance Branch, where he specialized in supply chain management. Before his tenure at Safeguard, Mike honed his expertise by managing global supply chains for 13 years, leveraging his military and civilian experience to lead with precision and efficacy.

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Joe Iafigliola

Joe Iafigliola is the Chief Financial Officer for Safeguard Properties. Joe is responsible for the Control, Quality Assurance, Business Development, Marketing, Accounting, and Information Security departments. At the core of his responsibilities is the drive to ensure that Safeguard’s focus remains rooted in Customer Service = Resolution. Through his executive leadership role, he actively supports SGPNOW.com, an on-demand service geared towards real estate and property management professionals as well as individual home owners in need of inspection and property preservation services. Joe is also an integral force behind Compliance Connections, a branch of Safeguard Properties that allows code enforcement professionals to report violations at properties that can then be addressed by the Safeguard vendor network. Compliance Connections also researches and shares vacant property ordinance information with Safeguard clients.

Joe has an MBA from The Weatherhead School of Management at Case Western Reserve University, is a Certified Management Accountant (CMA), and holds a bachelor’s degree from The Ohio State University’s Honors Accounting program.

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Carrie Tackett

Business Development Safeguard Properties